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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Digger who wrote (23168)	7/18/1999 11:30:00 AM
From: MrsNose	Read Replies (1) \| Respond to of 26850

Question #1: When are we likely to see the caustic fusion results? Question #2: If they are good, and support the grade per ton, what is the likely impact on the share price? Didn't these results last year account for some of the run up in price ? All the best, Margie

To: Digger who wrote (23168)	7/18/1999 11:36:00 AM
From: james flannigan	Read Replies (1) \| Respond to of 26850

Digger Iam no promoter of stock,however you seem to fit that bill.The numbers posted are not mine but George Alibinos.I have no clue as to how well the situation will work under ground.The stated tonnage of 23mt may all not be minable,it would may be uneconmic to mine the sections below the 2.7ms or less, using the valuation model in the report the figure of US$185 per ton equates a NAV of C$6 before any further diliusion.The report also states that an operation of more than 3000t per day would not be acheivable.Scince the value of the stock would be tied to the first 10 years as stated by Sudhir and the value of tonnege is alreadly resonably known,this would suggest the near term upside to the stock is limited.When a 47kt stone found in the diamet mine this winter,it had little or no efect on the stock price. Regards James.